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-cont. from the subject: Rock, Paper, Scissors
Here I outline the possibility of a correction to 3400 on the
All-Ordinaries ASX
Here are two monthly charts of the Aussie Dollar with gold and oil.
Signs of bearish divergence on the RSI leads one to believe
that the Australian Dollar AND commodities are headed lower. How will
that affect share prices?
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Well it's not going to be pretty. Considering that this pattern on the
P&F is a high pole. One would expect a full retracement to 2800, but
since I believe in the best,
when the ASX gets to 3400 I'll revisit.
Kevin Bantz
http://kevinbantz.com
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